Bajaj Auto through its fully owned company Bajaj Holdings NV has been buying shares from the open market of KTM the world renowned motorcycle manufacturer. As of the year 2007 Bajaj held a little over 14% of KTM and till recently had grown to a little over 38%. Now Bajaj Holdings has bought more shares to increase its percentage by 1.21% to over 39%. However, CROSS the main company behind KTM, has said that it will not dilute its stake to less than 51% and that it will continue to be the main holder of KTM. Bajaj however plans to increase its stake continually to get a controlling interest in the company.